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Share Name Share Symbol Market Type Share ISIN Share Description
Arricano Real Estate Plc LSE:ARO London Ordinary Share CY0102941610 ORD EUR0.0005 (DI)
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.0% 0.325 0.15 0.45 0.00 07:32:34
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Real Estate 32.3 24.8 19.5 1.7 34

Arricano Real Estate PLC Amendment to Loan Agreement

16/04/2021 12:00pm

UK Regulatory (RNS & others)


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RNS Number : 7503V

Arricano Real Estate PLC

16 April 2021

This announcement contains inside information for the purposes of Article 7 of EU Regulation 596/2014.

1 6 April 2021

Arricano Real Estate Plc

(together with its subsidiaries "Arricano")

Amendment to the loan agreement

Arricano (AIM: ARO), a leading real estate developer and shopping mall operator in Ukraine, is pleased to announce the following update relating to its current loan facility with the TASCOMBANK JSC.

PrJSC "LIVOBEREZHZHIAINVEST", a subsidiary of Arricano, on 15 April 2021, entered into an amendment to the current USD 20.0 million loan agreement with TASCOMBANK JSC to decrease the interest rate from 11.25% to 8 .0 % per annum. The loan is repayable in July 2023.

Enquiries:

   Arricano Real Estate plc                                Tel: +357 25 582 535 

Ganna Chubotina

   Nominated Adviser and Broker:                  Tel: +44 (0)20 7220 1666 

WH Ireland Limited

Chris Fielding

   Financial PR:                                                 Tel: +44 (0)20 3151 7008 

Novella Communications Limited

Tim Robertson/ Fergus Young

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April 16, 2021 07:00 ET (11:00 GMT)

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